2010 Ford Fusion Hybrid Auto Tax Credit Evolves

By dancurranjr On May 30th, 2009

ford fusionThere has been a lot of confusion regarding the 2010 Ford Fusion Hybrid auto tax credit. Ford vehicles which use hybrid technologies including Ford Fusion, Escape, Mercury Milan, and Mercury Mariner all qualify for a $1,700 auto tax credit. The tax benefit will also depend on your individual tax circumstances.

The original government incentive was $7,500, which dropped down to $3,400 if you purchased the Fusion before April 1, 2009. Today the tax incentive is $1,700, but you may want to consult with your tax advisor or the IRS to confirm the amount of credit that you can claim. The auto credits are phasing out this year, but there might be additional IRS incentives in the future.

Here’s how the whole thing works today regarding these benefits and how much you really get back. If you make your purchase before October 1, 2009, you will receive a $1,700 tax credit. However, this is where the confusion begins.

If you purchase the Fusion before April 1, 2010, your tax credit will be $850. After that date, there are no auto tax credits from the IRS. Purchasing your Hybrid within the allotted timetable is key to qualify for the tax credit.

Some auto Web sites are still promoting a $7,500 tax credit. This is outdated information relating to a credit that already expired. Again, to maximum your full credit, you should talk directly with the IRS or your tax advisor.

SOURCE: NewsOxy

Solar Powered Electric Cars Coming From Toyota

By dancurranjr On May 30th, 2009

toyota-electric-solarSolar energy is being used for Toyota electric cars with solar panels mounted on each end of the vehicle. Toyota wants to develop ways to use the energy as a way to charge its electric batteries in hybrid cars. While the method is possible, experts say it will be difficult to consume enough energy from solar methods to power an electric car.

There are other solar-powered energy methods used such as outdoor lamps, which get their energy from the sun during the day and use it at night. However, using the same technology to power a Hybrid electric car is still several years away.

However, it’s possible that Toyota found a way, which we don’t know yet. Solar energy could charge limited batteries to run dashboard functions like car headlights, radio and windshield wipers. Toyota was unavailable for comment.

Hybrid is the new trend to power new electric vehicles. Most car manufactures plan to release their own versions of the electric technology next year. Some companies include General Motors, Ford, Nissan, Chrysler and Toyota.

Rumor of a car getting its energy from a rooftop solar panel first started in July 2008. There were speculations that Toyota would offer such a method on its next generation Prius.

One thing we do know is that Toyota has been using solar panels at its Tsutsumi plant in central Japan. The plant produces its own electricity.

SOURCE: NewsOxy

Ferrari To Go Hybrid, World Trembles On Its Axis

By dancurranjr On May 30th, 2009

2007_ferrari_599_gtb_fioranoWell, hold onto your (prancing) horses, kids, ’cause the men from Maranello are indeed readying a hybrid system for future Ferraris, which will most likely launch in 2015 or thereabouts.

In March, Ferrari president Luca Cordero di Montezemolo told reporters at the Geneva Motor Show that the company was testing prototypes of a hybrid powertrain in a 2009 Ferrari 599 adapted to the new drive system.

Now, drawings from a patent application have leaked out and more details are known. The Ferrari papers show several variants of four-wheel-drive and hybrid technology, with one pair of wheels (presumably the rear) driven by the engine through a transmission, and the other pair (the front) powered by either an electric motor or a pair of in-wheel motors. Both front- and mid-engine layouts are included.

While the patent application claims the system is meant to improve handling, Ferrari has said in the past it intends to reduce its carbon emissions a full 40 percent by 2012. That goal, however, seems aggressive for just two model years from now.

But the company has recent experience in recovering wasted energy via regenerative braking, from none other than its Formula One team. As of this season, the team is using a Kinetic Energy Recovery System (KERS) to comply with new rules on the world’s most prestigious racing circuit.

Regardless of launch date and final drive system, we here at GreenCarReports.com are very excited at the prospect of finally having an excuse to road-test a Ferrari.

SOURCE: Green Car Reports

Who’s Killing Plug-in Hybrids

By dancurranjr On May 29th, 2009

phev-charging-stationThe California Air Resources Board is scheduled to again take up the issue of regulating hybrids today, May 28, in Sacramento. The air board told its staff to go back to the drawing board after small businesses that convert Toyota Priuses to plug-in hybrids said that proposed regulations would put them out of business. However, the staff’s new proposed regulations would still effectively bankrupt small companies.

The new rules would allow small companies to sell up to ten conversion kits before having to undergo extensive emissions testing, which can cost up $200,000. But Daniel Sherwood, president of 3Prong Power of Berkeley, says that the new rules will bankrupt him and other similar companies because they can’t make enough money from selling just ten conversions to finance the tests. “It effectively adds $20,000 to the cost of each of those first ten conversions,” he said.

Currently, 3 Prong Power sells conversions, including installation, for about $6,700. As a result, if Sherwood’s company tried to pass the $20,000 emissions tests costs on to his customers, no one would buy them. After the conversion, a Prius becomes an electric-only vehicle when driving around town and can get more than 100 miles per gallon, thereby significantly reducing greenhouse gas emissions.

Sherwood wants the air board to change the rules to allow small companies to sell up to 100 kits before having to undergo the expensive tests. That way, the cost of the tests will be about $2,000 per conversion – still a high price, but possibly doable. “CARB should be supporting California’s plug-in hybrid conversion companies, not squashing us,” he said.

SOURCE: East Bay Express

A Fusion Hybrid for just $15,500? Scam-Watch!

By dancurranjr On May 29th, 2009

ford-fusionWe’re all used to American automakers offering huge factory incentives – and losing lots of profit in the process – but an e-mail this week claiming Ford was offering its new 2010 Fusion Hybrid for $11,700 off the current sticker was rather suspicious. (If anyone believed this, I’ve got some hot stock from Chrysler to sell you).

The e-mail’s poor English grammar looks straight off the translated website of any Chinese manufacturer, but according to the Detroit Free Press, the scheme to collect “installments through the bank” is similar to Nigerian banking scams from a few years back. The culprit, Ford says, is likely from Europe. Making this scam truly international was the signature from “Gary Settles, Ford Sales Manager,” who according to Autoblog is actually the sales manager of a Kentucky Ford dealership and not from Dearborn headquarters.

“Per our statement on the media site, the e-mail sender does not represent Ford and no such program exists,” wrote Ford spokesman Steve Kinkade in an e-mail to the Globe.

The real hybrid price war is between the Insight and Prius, with Toyota last month cutting the base price of its 2010 Prius to $21,000 after Honda stole the limelight with its cheaper Insight.

Dear Mr/Ms,

Due to the World Economy Recession, Ford Motor Company, Inc undergo a
statistic fall in Sales and result in a drastic financial crisis this last
season.

The United States Government has given us the opportunity to bounce back
on our feet, but unfortunately we have not achieved the fund necessary.

Therefore, we offer you the opportunity to purchase a very good Auto at
half of the price. We decided to pull the sales of 500 cars at a very low
price for us to aquire the capital needed to bounce back in business and
to use this medium to increase the scale of our valued customers.

We offer Ford Fusion HYBRID Model 2010:
Pricing Information: $15,500
Vehicle Features:
Transmission: Aisin Powersplit eCVT Auto
Package: HYBRID
Model: High Version
Engine: 2.5L Atkinson I4
Exterior: White Platinum Tri-Coat Met
Interior: Charcoal Black
VIN: 3FADP0L34AR136254 (more information in the file attached)

The payment shall be made in installments through the bank at 1 month
after signing the contract.
If you are interested in this offer please fill out the contact form, A
representative will contact you about this vehicle within five business
day.

Sincerely,
Gary Settles,
Ford Sales Manager
Ford Motor Company
P.O. Box 6248
Dearborn, MI 48126

SOURCE: Boston.com